One-Day Wonder

Following up from the newsletter I put out before the U.S. Consumer Price Index (CPI) report, my expected direction of lower was correct.

And then the short squeeze kicked in.

A burner of a day for the shorts had them on the run as price rose all day long. Was it going to last? Was this going to be the start of a more major upside move?

According to Friday price action, the big squeeze seems to be a one-day wonder.

Let’s review this wild action

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